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United - All a Little Quiet on Red Knights Front!

With the recently departed, to Birmingham, Ben Foster having spoken out in favour of the Glazer family, we await the next move from the Red Knights who are looking to take over the running of our club.

After an initial blaze of publicity, it has gone a little quiet on the takeover front and although the green and gold protest has generated loads of publicity it appears the Red Knights are no nearer their aim.

Today, the News of the World carries the implication that the group are now preparing to step up their bid by asking supporters to hit the Glazer family where it hurts most, in the pocket.

They want the United support to boycott buying season tickets with a spokesperson admitting,

"The group are aware they need to put pressure on the Glazers."

"It is a simple game and the Knights have a simple plan. Unless the Glazers are hit by a loss of cash all the yellow and green scarves means nothing."


Personally, I`d like to ask if we do boycott buying season tickets whom is going to look after our interests when this bitter battle means we`re locked out of Old Trafford, ticket less?

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The Journalist

Writer: Red Boy Mail feedback, articles or suggestions

Date:Sunday May 23 2010

Time: 11:20AM

Your Comments (oldest first)

Change to most recent first
I think they are waiting to see what the latest set of accounts say before making their move. Its suggested that the glazers might have actually reduced the 200m PIKs which would be a huge boost to their position. If however, the glazrers have taken the money out of United to sure up their other businesses the red knights and MUST will be all over them.
tuscan3000
Report Abuse
23/05/2010 13:50:00

If they have reduced the sum then its great news for all otherwise the RK and MUST will be completely justified.
Antriksh (abmtd)
Report Abuse
23/05/2010 16:40:00

I seriously think the Glazers are not going to go any place unless they get a serious profit. Whatever else they may be they are astute businessmen first and they know the potential of the brand!!
elvido
Report Abuse
24/05/2010 06:48:00

Did anyone ever really think that a consortium of 100-odd people would be able to get it together to buy your club? Besides that, they will not be able to lower the debts any time soon, so what's the point?
fifthcolumnblue
Report Abuse
24/05/2010 11:40:00

fcb, kind of the point i have been trying to make, shifting of debts is no answer at all! Unless it goes to a single very very rich benefactor!!
elvido
Report Abuse
24/05/2010 12:36:00

Fifthcolumnblue, where are you getting 100 red knights from? I've never heard a number bigger than 40. Secondly, the idea was that the purchase price would be big enough to get rid of the PIK debt meaning we'd retain the bond - which would be relatively easy to pay off with Uniteds revenue stream. Then there was talk of a share issue to bring down the 500m worth of bond debt. Finally, there was talk of a non-dividend, 25% fan stake in the club which would prevent any hostile takeovers in the future. All noble ambitions which would put our club in a much better position than it is now - so hardly pointless, if they could achieve it. The biggest stumbling block has always and will always be getting the glazers to sell. Before the bond issue it was probably realistic, but now thats looking less likely.
tuscan3000
Report Abuse
24/05/2010 17:53:00

 

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